The Fedwire Funds Service migration is coming soon. Use these resources to help make sure your financial institution is ready: https://t.co/BsErOFATuv #banking#payments#FederalReserve
There's a specific patent by Interledger that ties directly back to Ripple & $XRP
The best part is that it's cited & referenced by some of the biggest names in finance.
✅JP Morgan (US & China)
✅Alibaba
✅IBM
✅Mastercard
✅Amazon
✅UnionPay
✅Bank of America
You name it, they're on there
As we can see this patent specifically is focused towards temporary consensus for subnetworks.
This aims to address the issue in distributed payment networks achieving consensus.
As consensus among all nodes can be slow and resource-intensive, leading to delays in transaction processing.
What's most interesting about this patent isn't the actual use case of it though.
As we can see the current status of the patent is live & active in the US until it expires in 2035.
But there's also a mirror of this patent filed in the EU.
Of course this is common especially amongst large corporate patents to be patented worldwide.
But take a look at how the EU mirror of this patent has been listed.
Two key points stand out here.
1⃣The patent for EU has been listed as "ceased"
2⃣Ripple is the owner/assignee of this patent
It's common to see patents filed across different jurisdictions... But it's NOT normal to see them assigned under different entities for each jurisdiction.
Whether this patent is under Ripple or Interledger, the core point still stands.
They're all aligned on the same side of Enterprise DLT towards the same initiatives & goals.
And we're seeing absolute giants in the world of payments following suite.
12 years ago, Chris Larson sent #Bitcoin through the XRP-LEDGER.
#XRP is a better version of Bitcoin and will reach a high price. I mean, a very high price!
$IOTA x $CHEQ are laying the foundation for the Future of Identity in the EU
This is especially visible within the EU Sandbox.
As both IOTA & Cheqd were selected for proven utility.
On top of this both these networks have a long history of connections to the leaders behind the future of Digital Identities.
Let's dissect how Cheqd & IOTA are leading the way with the EU & the specific roles each are playing!
IOTA = Digital Identity Infrastructure
Cheqd = Ledger agnostic trust registry
Both will work hand in hand to form a comprehensive Digital ID & trusted data infrastructure.
On IOTA's end they've proven utility under compliance in the EU
This was clearly visible in the CIRPASS trials where IOTA is now used for the MVP stages of their Digital ID project.
On Cheqd's end we've not only seen how the EU has spoken about trust registries.
But this is also visible in how the EU had a trust registry within the European Blockchain Services Infrastructure (EBSI)
And the EU has since said that Cheqd's ledger agnostic trust registry solution will actually go BEYOND what was built and envisioned in the EBSI.
There is great evidence to believe that the IDs on IOTA will work in synchronous with Cheqd's trust registry.
While the identity and data infrastructure lives on IOTA,
Cheqd's trust registry ensures that all forms of data verification are verified thru trusted entities registered within the trust registry.
In return, a truly tamper proof value chain of trusted data across any vertical all throughout Europe.
🌐 Global Tokenization Speculation, Journey From $15b to $1 Quadrillion On-Chain, in other words a 66,000X.
🧐 Potential Bank of America Hashgraph patent, leveraging AI, for enterprise systems testing discovered...
Networks Mentioned: HBAR XRP ALGO XDC
There’s a reason why XRP is a better candidate for payments among traditional financial institutions.🙇♂️
Read closely.
BTC/ETH = Unsuitable as payment instruments because of low scalability 🚫
XRP = Unlimited scalability to keep up with traditional payment velocity ✅
Confirmed with documentation.📝
🚨 What a week for Hedera News!
$HBAR’s moving so fast it’s hard to keep up! 🚀
Here are some of the Top Headlines I found particularly interesting this week: 🔥
🏦 Filipino Banks set to launch PHPX on Hedera for Cross Border Payments and Settlements.
🛰️ Hedera technology partner SEALSQ selected to equip millions of UK smart meters with VaultIC 408 secure microcontrollers.
📈 Duncan Moir, a Hedera Board Member appointed President of 21Shares which manages over $10B in assets.
💰 Grayscale looks at $HBAR as a potential ETF.
💵 A record-breaking $41.65M in USDC has flowed into the Hedera network!
💲$HBAR saw $2 Million Spot Inflows.
𝕏 Hedera Official X account breaks 400k followers. (Still so low compared to other contemporaries)!
📰 DisruptionBanking Article states potential $1.00 price target this cycle with potential for much higher.
🗞️ Article in Coingape names $HBAR as a Bitcoin Rival and a token to own before Trump Inauguration.
📰 Article in Tronweekly says Hedera shows signs of an imminent price surge due to aligned technical indicators.
𝕏 Account Real World Assets lists Hedera as a Top Tier RWA token.
These were just some of the big stories that made an impact on awareness for $HBAR and will play a significant role in the weeks to come! 💥
If you found this interesting repost so more people can learn about the major progress we’re seeing and follow me for more updates!
🙏 😎
Let’s go! The future is built on Hedera! 🚀 🔥 💵
Here's ALL that the API & Orchestration Layer brought to the UK RLN.
API & Orchestration = $QNT Overledger
✅Act as common gateway for all 3rd parties
✅Unify access to all types of money & ledgers
✅Interoperate rCBDC to wCBDC & deposits
✅Simulated tokenized bonds for settlement
✅Route transactions to appropriate ledger
✅Tokenized deposit to RTGS compatibility
✅Standardize all forms of money operations
✅Programmable locking & unlocking of funds
✅Programmability to conditional payments
✅Facilitate synchronized atomic settlements
✅Bring consistency across ledger integrations
✅Ensure data privacy thru encrypted TXs
✅Expose unified API w OVL Authorise security
✅Asynchronous operations w notifications
✅API integration w Rosalind & Open Banking
✅Simplified pre defined payment orchestration
✅Showcase 24/7 settlement thru wCBDCs
✅Coss issuer operations like rCBDC to wCBDC
✅Programmability in orchestration & tokenization
✅Helped add tokenized deposit backed cards
✅Point of sales compatibile w tokenized assets
✅Facilitate P2P marketplace with fund locking
✅Support multi party payment scenarios
✅Connect API for home buying to ecosystem
✅Integrate simulated RTGS by DXC Tech
✅Integrate UK Faster Payments System
✅Developer friendly without ledger knowledge
✅Secure and scalable infrastructure fit for banks
✅Reduce silos w unified digital money standards
✅Interoperability of tokenized & legacy systems
✅Connectivity of legacy tech thru APIs
✅Keep singleness of money in all payments
✅Programmability for DvP use cases
✅Improve UX by hiding technical complexities
✅Orchestrated cross ledger settlement
✅Compatible to RTGS & tokenized settlement
✅Federated network of networks for tokenization
✅Explore tokenized deposits in E-Commerce
✅Multi party locks for synchronized payments
✅Privacy thru isolated encrypted TX data
✅Integrate simulated commercial bank accounts
✅Seamless API access for all business apps
✅Potential for instant cross issuer settlement
✅Highlighted CBDC utility in real world TXs
––––––––––––––––––––––––––––––––––
The UK Regulated Liability Network has been the biggest CBDC initiative to date.
And this year we're ready to see it interoperate with other leading DLTs such as Agora, DREX & RSN.
The biggest names in finance are all here & they're moving to a shared ledger via the UK RLN.
The roads to get there?
None other than APIs thru Quant's Overledger as the single common point of access🚪
🔥Progress on SBI Group x $XDC has been huge
Recently we got note of how SBI XDC would be used in a real world trading use by SS Trading.
This is a subsidiary of SBI Group.
More specifically they're using SBI XDC blockchain for the immutability of transactions for used parts & vehicles.
Believe it or not, this is a $5 Tril+ market!
On top of this, it seems that MLETR will likely come into effect in 2025 as stated in the document.
So there's 3 exciting innovations with SBI & XDC's collaboration we can look forward to.
1. SBI & XDC's joint venture now being used in a real world global trade environment
2. Japan beginning to officially adopt MLETR this year
3. Cross border international use with UAE
On top of this, lets not for get XDC's ties with the UAE.
This is of course largely thru Abu Dhabi Global Markets which had brought in XDC & TradeFinex to test in their RegLab prior to the official XDC Network launch.
So in other words, regulated utility on XDC has already been proven in the UAE.
One last fun fact... TradeFinex is also headquartered in the UAE & if we look back, this collaboration between XDC & SBI is actually partially owned by TradeFinex!
The first domino for digital trade's soon to fall
I don't think I need to give Microsoft an introduction.
They're near irreplaceable as a founding father in the world of compute.
Their $3.14 Market Cap reflects that perfectly.
This is why seeing them officially step into DLT with projects we regularly discuss.
What we see here isn't Microsoft getting involved with your usual retail facing crypto projects.
No, they're going the top down approach through the DLTs that work directly with F500s & governments.
In Hedera's case we've seen Microsoft involved with Project New Dawn.
This CBDC project specifically focuses on financial inclusion via the use of CBDCs leveraging EMTECH built on Hedera with ex NY Federal Reserve members on the board.
In Ripple's case we've seen the Bill & Melinda Gates Foundation leverage Mojaloop for Interledger interoperability for payments.
But on top of this we've seen the Gates Foundation directly look to further collaborate with Ripple.
Quant's ISO TC 307 standard for blockchain & DLT has grown to a truly global scale.
And a large part of that growth especially in the Canada & the EU can be attributed to the respective Microsoft Standards Officers in that region as they also are promoting ISO TC 307!
Aptos has been selected by Microsoft as a blockchain to collaborate on the growth of DLT x AI
More specifically they're enabling Microsoft’s AI models to be trained using Aptos’ verified blockchain data.
A perfectly timed collaboration with the rise of AI crossing with DLT.
Algorand has been mentioned in some approved patents filed by Microsoft.
Beyond this we've seen Algorand join CDP Ventures this year to build out their accelerator, in which Algorand & Microsoft are the 2 main tech partners.
Axelar has also been selected by Microsoft for DLT x AI developments.
In this case Axelar is being used to bridge Microsoft's Azure OpenAI Services to bridge more technologies and solutions together.
On top of this, the two have agreed to explore connecting private with public DLTs & leverage Azure OpenAI services for new AI x DLT experiences.
The Central Bank of Brazil has selected Chainlink in addition to Microsoft & Banco Inter to develop the next stages of the DREX CBDC pilot for supply chain.
More specifically, Chainlink's CCIP will be used between the Central Bank of Brazil & a foreign bank.
On the other hand all the cloud infrastructure & services are of course provided by Microsoft.
Render Network has gained approval and notice from some of the biggest names in tech & film.
From NVIDIA CEO Jensen Huang's positive outlook on Render & OTOY, to Apple's use of Render in their Vision Pro & even connections to Paramount Pictures.
Microsoft isn't safe from this list either.
As both tech giants Microsoft & Google have both provided their GPUs to support the growth and scaling of the Render Network.
–––––––––––––––––––
When you see Microsoft making waves like this...
It's really time to start paying attention to Enterprise DLT.
This isn't just Microsoft endorsing random crypto projects, it's them directly building with them for very real purposes that change the way we use tech.
Every collaboration here is for utility.
Whether it be towards CBDC development, financial inclusion, standards adoption, AI & much more.
Microsoft's officially step foot into Enterprise DLT🚪
The new financial infrastructure is poised for emergence. At the start, XRP XLM and XDC will have to explode in value, if they are going to be effective at running the rails of the new global system. It needs to be soon, because fiat currencies are on their knees, crippled with debt.
🇺🇸⚖️ #NASDAQ COMPANIES LIKE "WORKSPORT" ADOPT #XRP AND HOPE THAT #XRP WILL NO LONGER BE SO VOLATILE IN THE FUTURE #STOREOFVALUE
➡️ "I THINK THAT #XRP IS BECOMING A MUCH MORE STABILIZED CURRENCY AND ASSET." @WorksportLtd
➡️ "#XRP WILL BE VOLATILE LIKE MOST ASSETS ARE, WE THINK THAT IT WILL BE STABLE ENOUGH"